Ripio Credit Network (RCN) is a global peer-to-peer system based on cosigned smart contracts, which are used to connect lenders and borrowers on any currency worldwide. It allows better conditions for both sides and creates the best credit alternative. Sm
art contracts connect agents that have information on the identity of the borrower to agents that analyze his credit risk and standardize the credit lending through the blockchain. There is a cosigner who acts as a reinsurer that reduces the risk for the l
ender and also helps in improving the conditions of the contract by retaining access to the local legal system of the borrower.

RCN used to be known as BitPagos and is developed in Latin America. Its primary objective is to democratize the digital economy in that part of the world by offering digital payment alternatives, which anyone can reach because about 65% of this region rem
ain unbanked. Ripio was chosen as one of the breakthrough brands by Interband in 2017.

The Ripio Credit Network is bringing financial freedom to a huge part of Latin America by selling Bitcoins in local currencies. It facilitates online transactions and peer-to-peer payments and extends credit without any cards or fees involved. A lot of well-known VCs have invested in this company, and it has over 100k users in Latin America. However, there is little information about the presale, and only 51% of the token
s are available in crowdsale (presale included.)